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Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
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Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
May 14, 2024 6:30 AM

09:07 AM EDT, 05/14/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) advancing by 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) down 0.5% recently.

Alibaba Group Holding ( BABA ) fell by nearly 5% after it reported fiscal Q4 adjusted earnings of 10.14 renminbi ($1.40) per diluted American depositary share, down from 10.71 renminbi a year earlier.

On Holding ( ONON ) rose past 16% after it reported higher Q1 adjusted earnings and net sales.

Sea (SE) advanced by over 5% after it reported a Q1 revenue of $3.73 billion, compared with $3.04 billion a year earlier.

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